Countries
Slovakia
Key Economic Indicators
$260.98 billion
$48,132
1.94%
2.76%
5.36%
$141.776 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-6,503,081,482
Economic Overview
<p>high-income EU and eurozone economy; manufacturing and exports led by automotive sector; growth supported by private consumption and public investment from EU funds, tempered by trade risks; increased taxes and withdrawal of energy subsidies contributing to rising but manageable inflation; strong labor demand and influx of foreign labor offsets aging workforce</p>
All Economic Data
Agricultural products
wheat, sugar beets, maize, milk, barley, rapeseed, sunflower seeds, potatoes, soybeans, pork (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
4.9% of household expenditures (2023 est.)
On food:
19.4% of household expenditures (2023 est.)
Budget
Expenditures:
$46.056 billion (2022 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenses converted to US dollars at average official exchange rate for year indicated
Revenues:
$43.882 billion (2022 est.)
Currency
code:
EUR
name:
euro (EUR) [€]
Current account balance
$-6,503,081,482
Current account balance 2022:
-$11.126 billion (2022 est.)
Current account balance 2023:
-$1.169 billion (2023 est.)
Current account balance 2024:
-$3.895 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
euros (EUR) per US dollar -
Exchange rates 2020:
0.876 (2020 est.)
Exchange rates 2021:
0.845 (2021 est.)
Exchange rates 2022:
0.95 (2022 est.)
Exchange rates 2023:
0.925 (2023 est.)
Exchange rates 2024:
0.924 (2024 est.)
Exports
$120.48 billion
Exports 2022:
$114.519 billion (2022 est.)
Exports 2023:
$122.04 billion (2023 est.)
Exports 2024:
$120.355 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
cars, vehicle parts/accessories, video displays, broadcasting equipment, refined petroleum (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Germany 20%, Czechia 10%, Hungary 7%, USA 6%, Poland 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$5.01 billion
GDP - composition, by end use
Exports of goods and services:
91.3% (2023 est.)
Government consumption:
20% (2023 est.)
Household consumption:
58.4% (2023 est.)
Imports of goods and services:
-89.8% (2023 est.)
Investment in fixed capital:
21.1% (2023 est.)
Investment in inventories:
-1.3% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
2% (2024 est.)
Industry:
28.5% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
60% (2024 est.)
GDP (official exchange rate)
$141.776 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$25,993
Gini Index coefficient - distribution of family income
25 (2018)
Gini Index coefficient - distribution of family income 2022:
24.1 (2022 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$136.35 billion
GNI per capita
$23,560
Gross domestic investment
20 % of GDP
Household income or consumption by percentage share
Highest 10%:
18.2% (2022 est.)
Lowest 10%:
2.8% (2022 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$120.82 billion
Imports 2022:
$121.473 billion (2022 est.)
Imports 2023:
$119.739 billion (2023 est.)
Imports 2024:
$120.29 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
vehicle parts/accessories, broadcasting equipment, cars, plastic products, insulated wire (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
Germany 16%, Czechia 14%, Poland 8%, China 7%, Hungary 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
0.3% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
automobiles; metal and metal products; electricity, gas, coke, oil, nuclear fuel; chemicals, synthetic fibers, wood and paper products; machinery; earthenware and ceramics; textiles; electrical and optical apparatus; rubber products; food and beverages; pharmaceutical
Inflation rate (consumer prices)
2.76%
Inflation rate (consumer prices) 2022:
12.8% (2022 est.)
Inflation rate (consumer prices) 2023:
10.5% (2023 est.)
Inflation rate (consumer prices) 2024:
2.8% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
2.779 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
2.75 million persons
Labor force - by occupation
agriculture:
2.16%
industry:
34.53%
services:
63.31%
Population below poverty line
13.7% (2021 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2022:
64.3% of GDP (2022 est.)
Real GDP (purchasing power parity)
$260.98 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$209.794 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$214.343 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$218.762 billion (2024 est.)
Real GDP growth rate
1.94%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
0.4% (2022 est.)
Real GDP growth rate 2023:
2.2% (2023 est.)
Real GDP growth rate 2024:
2.1% (2024 est.)
Real GDP per capita
$48,132
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$38,600 (2022 est.)
Real GDP per capita 2023:
$39,500 (2023 est.)
Real GDP per capita 2024:
$40,300 (2024 est.)
Remittances
$2.95 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
2% of GDP (2022 est.)
Remittances 2023:
2% of GDP (2023 est.)
Remittances 2024:
1.9% of GDP (2024 est.)
Reserves of foreign exchange and gold
$14.45 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$10.28 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$11.288 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$14.452 billion (2024 est.)
Revenue (excl grants)
40 % of GDP
Tax revenue
19 % of GDP
Taxes and other revenues
19.4% (of GDP) (2022 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
5.36%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
6.2% (2022 est.)
Unemployment rate 2023:
5.9% (2023 est.)
Unemployment rate 2024:
5.3% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
15% (2024 est.)
Male:
20.1% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
18.2% (2024 est.)
Economic Rankings
Exports
#43
Imports
#44
GDP per Capita
#47
Inflation Rate
#52
GDP (Nominal)
#60
Reserves
#70
GDP (PPP)
#71
Unemployment Rate
#79
GDP Growth Rate
#172
Gini Index
#172
Quick Facts
Industries
automobiles; metal and metal products; electricity, gas, coke, oil, nuclear fuel; chemicals, synthetic fibers, wood and paper products; machinery; earthenware and ceramics; textiles; electrical and op
Agricultural products
wheat, sugar beets, maize, milk, barley, rapeseed, sunflower seeds, potatoes, soybeans, pork (2023)
Labor force
2.779 million (2024 est.)
Exports - partners
Germany 20%, Czechia 10%, Hungary 7%, USA 6%, Poland 6% (2023)
Imports - partners
Germany 16%, Czechia 14%, Poland 8%, China 7%, Hungary 6% (2023)
Exchange rates
euros (EUR) per US dollar -
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